December 20, 2024 9:51 pm
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Phoenix home resale prices fall in August

home resalesEarly calculations show Metro Phoenix’s resale home prices dropped in August.

The Arizona Regional Multiple Listing Service’s pending sales index says the median price for existing houses is expected to be about $195,000, down from $197,000 in July.

New home prices are included the area’s overall median home sales price, which is at least $10,000 higher and takes longer to calculate.

Arizona State University’s W.P. Carey School of Business reports rthe latest data show the Valley’s overall median price was $211,000 in June.

Reported by Catherine Reagor, The Arizona Republic. 

If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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